Truist Financial Corp Has $44.11 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Truist Financial Corp reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 245,436 shares of the semiconductor company's stock after selling 3,132 shares during the quarter. Truist Financial Corp's holdings in Texas Instruments were worth $44,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC raised its stake in shares of Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after purchasing an additional 27,251 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock valued at $448,000 after acquiring an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Instruments by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock valued at $89,050,000 after acquiring an additional 11,057 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after acquiring an additional 3,402 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Texas Instruments stock opened at $215.57 on Monday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The business has a fifty day moving average price of $188.48 and a 200-day moving average price of $183.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market capitalization of $195.83 billion, a P/E ratio of 40.90, a PEG ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $1.10 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.52%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Benchmark reduced their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group reduced their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the company an "equal weight" rating in a report on Monday, June 16th. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.

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